Apple technology group may launch electric car by 2025

Bloomberg News reports that technology group Apple Inc is promoting the launch of electric vehicles as early as 2025, focusing on the project to produce fully autonomous vehicles.

Apple’s stock price jumped nearly 3% to a new record high following the news.

According to information, Apple’s electric car will not have a steering wheel and pedals, and the interior will be designed for autonomous driving. Apple’s electric car effort, also known as Project Titan, has been interrupted several times since 2014.

Demand for electric vehicles has increased as countries and customers become more environmentally conscious, pushing the market value of companies like Tesla and Rivian far beyond that of carmakers. traditional bowls for decades to come.

Analyst Dan Ives of private investment firm Wedbush said the chance for Apple to launch its own unique car is about 60-65%.

Bloomberg reports that some people working on this project have been skeptical about the timing of the electric vehicle launch, even given the recent progress, related to the basic autonomous system, processor chip and other components. advanced sensor.

Apple declined to comment on this information.

In December 2020, Reuters reported that Apple is aiming to produce a passenger vehicle that uses its own breakthrough battery technology by 2024.

Meanwhile, The Information, citing a memo, said that Apple is preparing to bring employees back to the office starting February 1, 2022 and will allow employees to work remotely for up to four weeks per year. .